Fiat Chrysler Automobiles (FCA) has released a statement following CEO Sergio Marchionne’s conference at the White House with President Donald Trump. FCA reiterated in the statement that it shares a common goal with President Trump in desire to bring more jobs back to U.S. and develop a strong production base in the United States. “I

The enormous fines paid by Volkswagen AG and criminal indictment of 7 executives are a “really strong deterrent” to cheating by other automakers, a senior career Environmental Protection Agency (EPA) official stated on Wednesday. Christopher Grundler, director of EPA’s Office of Transportation and Air Quality, informed press reporters after comments to a meeting of automotive

Trump took office last Friday, and has already signed an order withdrawing the United States from the Trans-Pacific Partnership trade pact and has pledged to re-open the North American Free Trade Agreement (NAFTA) that consists of the United States, Canada and Mexico. The president strengthened his election theme of increasing U.S. manufacturing tasks on Tuesday

Under pressure from President Donald Trump, Mexico is preparing to go over modifications to trade rules about a product’s country of origin to attempt to prevent a disruptive battle with the United States over commerce. As the two countries start a challenging new relationship, Mexico sees possible common ground with Trump on the “rules of

President Donald Trump yesterday finished up an important meeting with the CEOs of Ford Motor, General Motors and Fiat-Chrysler. Following the conference, which was said to mostly surround job development and enhancing the United States’ production base, General Motors CEO Mary Barra launched an official statement relating to the conversation. The statement reads: “We had

Toyota Motor on Tuesday stated it would add 400 jobs to develop more SUVs at one of its U.S. plants, highlighting its growth plans just as U.S. President Donald Trump gets in touch with automakers to construct more cars in the country. The Japanese automaker stated the jobs became part of a $600 million upgrade

U.S. President Donald Trump will have breakfast today with the chief executives of General Motors, Ford Motor and Fiat Chrysler Vehicles NV as he pressures car manufacturers to increase American jobs. White House representative Sean Spicer stated Trump “looks forward to hearing their concepts about how we can collaborate to bring more jobs back to

Kansas City Southern reported a lower quarterly net profit that missed out on Wall Street estimates by a wide margin as a historical drop in the Mexican peso after the election of U.S. President Donald Trump impacted the local U.S. railroad’s operations in Mexico. Simply hours before Trump was due to take office in Washington,

Washington should adhere to international agreements under the presidency of Donald Trump, German Finance Minister Wolfgang Schaeuble stated on Friday, however does not anticipate a significant trade war regardless of the President’s tariff imposition on German vehicle makers. Trump has pledged to make sweeping modifications to U.S. trade policy. “The United States also signed international

Ivanka Trump and her husband, Jared Kushner, have been offered a rabbinical waiver to ride in an automobile following Donald Trump’s inauguration today. The couple are both Orthodox Jews and, as per Jewish law, driving or riding in automobiles is prohibited on the Sabbath, which starts Friday at sundown. However a concept in Jewish law

The Hyundai Motor stated it prepares to raise U.S. investment by 50% to $3.1 billion over 5 years and might develop a new plant there – the latest automaker to reveal fresh costs after President-elect Donald Trump talked about tax imports. Under pressure to provide on campaign promises to restore U.S. industrial jobs, Trump has

General Motors confirmed it will invest an extra $1 billion in its U.S. factories in 2017 and will relocate some parts production from Mexico to the United States that was formerly managed by a provider. The financial investments remain in addition to the $2.9 billion the company revealed in 2016, automaker stated. General Motors and

German automakers have discussed Donald Trump’s cautions of import duties on the vehicles they develop in Mexico, indicating substantial production growth in the United States over the last few years. BMW AG, which the president-elect targeted in an interview with German paper Bild on Sunday, sought to to pacify prospective tensions by mentioning that its

BMW will adhere to strategies to start a Mexican plant in 2019 regardless of comments by U.S. President-elect Donald Trump to put a border tax on the German brand’s cars made in Mexico and destined for the United States, an executive stated. In an interview with German paper Bild released on Sunday, Trump stated BMW

Germany’s vice chancellor, reacting to an interview with President-elect Donald Trump, has turned down cautions by Trump to put tariffs of 35 percent on German automakers if they established plants in Mexico in place of the United States and attempt to export vehicles to the United States from there. “If you want to build cars